Bulgaria Arbitration

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 Bulgaria Arbitration

Bulgaria is a contracting state to the ICSID Convention:

  • Signature: 21 March 2000
  • Deposit of Ratification: 13 April 2001
  • Entry into Force: 13 May 2001
  • Pursuant to Article 13(1) of the ICSID Convention Bulgaria has made the following panel designations effective until *20 November 2007 & **23 July 2008:
    *Mr. Stanimir A. ALEXANDROV: Attorney-at-Law; Former Vice Minister of Foreign Affairs of Bulgaria
    **Mr. Silvy CHERNEV: President, Court of Arbitration at the Bulgarian Chamber of Commerce and Industry
    **Dr. Alexander KATZARSKY: Attorney, Georgiev, Todorov & Co.
    **Dr. Nikolay NATOV: Judge, Court of Arbitration at the Bulgarian Chamber of Commerce and Industry

Bulgaria is a contracting state to the New York Convention:

  • Signature: 17 Decemer 1958
  • Deposit of Ratification: 10 October 1961
  • Entry into Force: 8 Janaury 1962
  • Bulgaria will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state. With regard to arbitral awards made in the territory of non-contracting States, Bulgaria will apply the Convention only to the extent to which those States grant reciprocal treatment.

In 2002, Bulgaria enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State

Bulgaria is a Contracting State to both the 1899 & 1907 Convention for the Pacific Settlement of International Disputes:

  • 1899 Entry into Force: 4 September 1900
  • 1907 Entry into Force: 10 June 2000

Bulgaria is a United Nations Member State:

  • Date of Admission: 14 December 1955

Official State Name: Republic of Bulgaria - епублика България

Official Language: Bulgarian

Capital: Sofia (София)

Motto: Съединението прави силата (Bulgarian) "Unity makes strength"

Currency: Lev (BGN)

Time Zone: EET (UTC+2)

International Calling Code: +359

Internet TLD: .bg

Location of  Bulgaria  (dark green)– on the European continent  (green & dark grey)– in the European Union  (green)  —  [Legend]

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